ECONOMY

Azeri Light crude sells for $53.76

Oil prices have risen on the world markets, with a barrel of Azeri Light crude trading for $53.76.

On NYMEX (New York Mercantile Exchange) cost of the US light crude oil increased $1.54 to stand at $51.35. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) rose $1.21 to trade at $53.14.